Learn From Me. Falling Knives Are Painful
hive-167922·@acesontop·
0.000 HBDLearn From Me. Falling Knives Are Painful
 I am having a bad day in crypto but have to share this one with you guys. At least can we learn from each other. So, yesterday when UST lost peg LUNA went on a free fall. It was holding pretty well until like 24 hours ago, but the floor got broken for it. I don't know what's the technical problem with Terra and its UST, but they screwed it big time. When I first read the news LUNA was sitting at $31 which $50 lower than its quite decent high of $80 that it had before the crash. I thought it could be a good trade so I bought 26 coins for $730 at an average price of $31. Soon after it started falling and it kept on falling. I don't know exactly what level it reached now but the whole trade is now worth about $50, down from $730. That's what you call getting rekt. Why did this happen? Quite simple: you never catch a falling knife and you don't enter positions without doing your own diligence. I failed in both instances. Anyway, that's my worst trader ever, but not the end of the world. Time to go have some barbecue cuz we're having great weather in here. This post was written on yours truly smartphone so don't be harsh with my spelling mistakes. *Thanks for attention,* *Adrian* Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/learn-from-me-falling-knives-are-painful)
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